The is a large multimedia
Corporation based in
Chicago, Illinois . It owns the ''
Chicago Tribune '',
WGN , the
Chicago Cubs , the ''
Los Angeles Times '', ''
Newsday '' in
New York , the ''
Hartford Courant '', ''
The Baltimore Sun '', the ''
Daily Press '', and many other media outlets. The Tribune Company is also a co-owner of the
WB television
Network . The Tribune Company's revenues total billions of dollars each year.
The Tribune Company also owns Tribune Entertainment, which owns the distribution rights to several television shows including: '''', and others.
On
January 24 ,
2006 ,
CBS Corporation and
Time Warner announced plans to launch
The CW Television Network in September 2006. 16 of Tribune's WB affiliates and 11 of CBS'
UPN affiliates will join the new network. Tribune will not be a shareholder in The CW.
One criticism of the Tribune Company is that they are responsible for the Cubs' perpetual losing. The Tribune Company discovered that the Cubs are more profitable fielding a poor team, rather than spending big on free agents. The Chicago Cubs are located in a trendy area of
Chicago , causing them to have great attendance at home games, even when the team is doing poorly.
There were rumors that Tribune Company would buy
Telefutura from
Univision Communications and creating duopolies in
New York ,
Los Angeles ,
Chicago ,
Philadelphia ,
Boston ,
Dallas ,
Houston ,
Miami and
Sacramento . As of 2006, this has not occurred.
